International Companies
Motel One prepares for IPO as founder retakes control
London private equity group Proprium Capital Partners has offloaded its shareholding in Motel One back to the German low-cost hotel chain’s founder in a deal worth €1. 25bn.
Macquarie emerges as a lender to Thames Water parent
Australian investment bank Macquarie emerged as one of the lenders involved in Thames Water's financial struggles on Tuesday, seven years after its ownership of the utility ended.
Atos shares drop as IT firm seeks €1.2bn to pay down debt
Shares in struggling French IT and consulting business Atos dived on Tuesday after the company announced it as raising €1. 2bn in new debt and equity as it attempts to slash its leverage position and lower debt.
Ducommun gets $60 a share takeover offer from Albion River
US aerospace and defence supplier Ducommun said on Monday that it had received an unsolicited non-binding indication of takeover interest from private direct investment firm Albion River at $60. 00 per share in cash.
TSMC strikes $11.6bn deal with White House to expand AZ plans
TSMC, the world's largest chipmaker, has struck an $11. 6bn deal with the United States to bolster president Joe Biden's ambitions in AI chip development, it was revealed on Monday.
JPMorgan boss dashes rate-cut hopes, sees 'stickier' inflation due to rising risks
Interest rates in the US could rise to "8% or even higher" in the coming years, according to the head of JPMorgan Chase, who said that they bank was preparing for a wide range of scenarios in light of current high government spending and geopolitical volatility.
Jonnson & Johnson to buy Shockwave Medical for $13.1bn
Johnson & Johnson said on Friday that it has agreed to buy Shockwave Medical, which develops products for the treatment of cardiovascular disease, for $13. 1bn.
Google parent Alphabet reportedly eyeing up HubSpot
Google’s parent Alphabet is reportedly considering making an offer to acquire HubSpot, an online marketing software firm valued at $35bn.
International Paper to seek secondary London listing if DS Smith deal goes ahead
International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.
Union Jack Oil starts US trading on OTCQB Venture Market
Onshore hydrocarbon explorer and developer Union Jack Oil announced the approval of its ordinary shares for trading on the OTCQB Venture Market in the US on Thursday, with trading starting at market open under the ticker ‘UJOGF’.
Kering drops £1.1bn to snap up historic building in Milan
French luxury giant Kering has announced that it is spending €1. 3bn (£1. 1bn) on a historic building in Milan, giving it one of the largest retail spaces in the city's fashion district.
Amazon to cut hundreds of jobs in AWS division
Amazon's cloud computing arm, Amazon Web Services (AWS), announced significant layoffs affecting hundreds of employees overnight on Thursday, in its physical stores technology and sales and marketing sectors.
UBS to launch new $2bn buyback
Swiss banking giant UBS on Tuesday announced plans to launch a new $2bn share buyback programme following the completion of its merger with Credit Suisse.